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Can you sit on a board there?
Pick a market. You get the residency test, the nationality test, the work-authorisation position, the appointment steps in order, and the frictions that actually delay appointments — each cited to the instrument that creates it.
Choose a market
No nationality or residency test applies to a director of a French société anonyme. The constraint on a French board is its composition arithmetic, not your passport.
- Residency test
- None.
- Nationality test
- None.
- Work authorisation
- A non-executive director attending board meetings requires no work authorisation. An executive mandate — directeur général or a directoire seat — held by a non-EU national raises residence-permit questions and should be checked before acceptance.
- Board language
- Board papers at CAC 40 issuers are frequently bilingual, but committee work and minutes are commonly in French.
- Tenure limit once appointed
- Twelve years. Under the AFEP-MEDEF Code a director loses independent status on passing twelve years' service, and the board must state the position each year.
- Time commitment
- Typically 6–10 board meetings a year plus committee cycles and a strategy seminar; audit committees at CAC 40 issuers meet considerably more often.
- What a seat pays
- €60,000 – €120,000 a year for a non-executive director of a CAC 40 company, before committee fees; SBF 120 mid-caps sit materially below that.
- Tax on your fees
- Directors' fees paid to a non-resident are French-source income subject to withholding at source, with treaty relief claimed afterwards. French social-contribution treatment is a separate question and worth advice.
The appointment steps, in order
- 1Appointment by the general meeting, or co-option by the board pending ratification at the next meeting
- 2Filing of the change of directors with the greffe of the commercial court for entry in the RCS
- 3Confirm the appointment does not breach the 40% gender arithmetic — the sanction is voidness, not a fine
- 4Confirm you are within the statutory limit on the number of French directorships a person may hold concurrently
What actually gets in the way
- The quota's voidness sanction means the board's next appointment may be legally constrained to one gender regardless of the shortlist's merits
- Board papers at CAC 40 issuers are frequently bilingual, but committee work and minutes are commonly in French
- Employee directors sit on large boards and change what is discussed and how it is minuted, which is unfamiliar to directors from unitary Anglo-American boards
- French directors' civil and, in defined circumstances, criminal liability is real and is not displaced by a D&O policy
The instruments behind these answers
- Code de commerce art. L.225-17 et seq. — Governs the société anonyme. A company may run a unitary board (conseil d'administration, chaired either by a combined président-directeur général or by a separated chairman alongside a directeur général) or a two-tier structure (conseil de surveillance with a directoire). Board size is between three and eighteen directors. (Republic of France)
- Loi Copé-Zimmermann (Law 2011-103) — Requires boards of listed and large companies to be composed of at least 40% of each gender. An appointment made in breach is void, and the payment of directors' remuneration is suspended until the board's composition is corrected. (Republic of France)
- Loi Rixain (Law 2021-1774) — Extends gender balance beyond the board into senior executive management for companies above 1,000 employees, on a phased timetable running to the end of the decade, with published results. (Republic of France)
- Loi PACTE (Law 2019-486) — Requires companies above defined workforce thresholds to appoint employee directors to the board — one, or two where the board has more than eight members — elected by employees rather than by shareholders. (Republic of France)
- AFEP-MEDEF Code de gouvernement d'entreprise — Comply-or-explain. Asks for at least half the board to be independent in widely-held companies and at least one-third in controlled companies, treats twelve years' service as ending independence, and requires an audit committee that is at least two-thirds independent and chaired by an independent director. (AFEP / MEDEF, monitored by the Haut Comité de Gouvernement d'Entreprise)
Reviewed against primary sources in September 2026. This is governance decision-support, not legal or tax advice. Rules change and transitional provisions frequently apply — verify against the primary instrument before you rely on it.
Eligibility is only the first question
Being allowed to sit on a board there is not the same as being read for one.
The mobility index answers the second question: whether your record is legible to a board in that market, whether you hold what it is currently short of, and whether you can do the job in the language its board works in.